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Umee Announces Closure of Gravity Bridge and Cooperation with Axlar

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On February 14, the cross-chain DeFi protocol Umee recently announced that it would start the first phase of the closure of Umee GravityBridge before the end o…

Umee Announces Closure of Gravity Bridge and Cooperation with Axlar

On February 14, the cross-chain DeFi protocol Umee recently announced that it would start the first phase of the closure of Umee GravityBridge before the end of March. In the future, it will cooperate with Axlar, and Axlar Bridge will become the official bridge connecting Ethereum, providing users with the best cross-chain experience. Currently, you can still use the Gravity Bridge to transfer the Token back to Umee, but the official does not recommend using the Gravity Bridge to transfer any Token from Umee to Ethereum. On April 1, the transfer of assets from Gravity Bridge Umee to Ethereum will be disabled. At the same time, it is planned to completely close the Gravity Bridge before the end of May.

DeFi protocol Umee will use Axlar Bridge as the official bridge connecting Ethereum

Interpretation of the news:


On February 14, the cross-chain DeFi protocol Umee made an announcement that it will begin the first phase of the closure of the Umee GravityBridge before the end of March. As part of its future plans, Umee will be teaming up with Axlar, and Axlar Bridge will become the official bridge connecting Ethereum. This provides users with the best cross-chain experience for seamless transactions between different blockchains.

Currently, the Gravity Bridge is still available for users to transfer tokens back to Umee. However, Umee officials do not recommend using the Gravity Bridge to transfer any token from Umee to Ethereum. Starting from April 1st, users will not be able to transfer assets from Gravity Bridge Umee to Ethereum. Therefore, users should consider alternative transfer methods or wait for the official launch of Axlar Bridge.

As we approach the end of May, the Gravity Bridge will be completely shut down. The announcement did not provide any additional information on the closure process or how it will affect users’ funds. Hence, it is advised that users monitor updates from the official channels to stay informed of any new changes.

This move by Umee indicates a shift towards a more optimized solution that provides an improved user experience, which they aim to achieve through the partnership with Axlar. By joining forces, the two companies can address the limitations of the current cross-chain DeFi ecosystem effectively.

In conclusion, this announcement of the closure of Gravity Bridge and cooperation with Axlar marks a significant milestone in the evolution of the cross-chain DeFi protocol ecosystem. The closure will ultimately lead to a better and improved user experience for those who choose to use Umee or Axlar’s services, and the move signals a positive step towards increased interoperability across different blockchains.

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